For the second consecutive year, BlueWave Solar, a Boston-based community solar developer and residential solar finance company, has been named to Inc. Magazine’s list of the top 5,000 fastest-growing private companies in America.
(Boston, Massachusetts – August 15, 2018) For the second consecutive year, BlueWave Solar has been named to Inc. Magazine’s list of the top 5,000 fastest-growing private companies in America. The exclusive annual list represents the most comprehensive look at a critical segment of the economy — America’s independent-minded entrepreneurs.
“It is truly an honor to be named to the Inc. 5000 list for a second consecutive year,” said Trevor Hardy, BlueWave’s CEO and co-founder. “Since 2012, BlueWave has worked hard to deliver innovative solar solutions to our partners and customers. Over the past year, our team has nearly doubled in size while vastly expanding the range of residential loan and community solar products and services we offer. We are also incredibly proud of our certification as a B Corp, joining leading socially responsible companies in a commitment to transparency and accountability. Our ability to scale quickly while staying true to our core values is unquestionably our greatest accomplishment.”
BlueWave is ranked #1449 overall on the Inc. 5000 list, also ranking #41 out of 94 energy companies, #13 out of 31 Boston-based companies and #30 out of 147 Massachusetts-based companies.
The 2018 Inc. 5000, unveiled online at Inc.com, is one of the most competitive crops in the list’s history. Collectively, the companies on this year’s list amassed $206.2 billion in revenue in 2017, up 158 percent from $79.8 billion in 2014. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
The announcement comes just one year after BlueWave made the list for the first time in 2017 as America’s #585th fastest growing private company. BlueWave was also recognized in Boston Business Journal’s Fast 50 in 2017 and 2018 as one of Boston’s fastest growing companies.
About the Inc. 5000 Selection Process
Companies on the 2018 Inc. 5000 are ranked according to percentage revenue growth from 2014 to 2017. To qualify, companies must have been founded and generating revenue by March 31, 2014. They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2017. (Since then, some on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Note: Growth rates used to determine company rankings were calculated to two decimal places. There were two ties on this year’s Inc. 500; the companies with more revenue were placed higher.
About BlueWave Solar:
BlueWave is a B Corp on a mission to revolutionize energy with simple, powerful solar solutions. For homeowners who can install rooftop solar, we offer innovative loan financing through installers in MA, RI, NY, SC, NC, and FL. In addition, BlueWave is the only company offering AllBlue, which combines rooftop and community solar to deliver savings on 100% of customers’ energy use. Our solar management platform enables installers to make BlueWave loans and community solar accessible to more residents and businesses, while conveniently managing customers.
Pioneering developers of community solar farms in Massachusetts, BlueWave has developed and built more than 135 MW of projects to date and now provides community solar power access to thousands of customers, both through our own solar farms and through farms developed by others. To learn more about BlueWave, named one of the 20 fastest-growing companies in Massachusetts by the Inc. 5000, visit bluewavesolar.com or follow us on Twitter, Facebook, LinkedIn, or Instagram at @BlueWaveSolar.